From the following information, you are required to pass journal entries and prepare necessary accounts under the system of integrated system of accounting:
|
Rs. |
|
|
Materials purchased on credit |
1,50,000 |
|
Wages paid |
1,80,000 |
|
Wages productive |
1,50,000 |
|
Wages unproductive |
30,000 |
|
Materials issued to production |
1,20,000 |
|
Works expenses incurred |
50,000 |
|
Works expenses charged to production |
75,000 |
|
Work-in-progress completed transferred to finished goods |
3,00,000 |
|
Office and administration expenses paid |
45,000 |
|
Office and administration expenses charges to production |
40,000 |
|
Selling overheads paid |
50,000 |
|
Selling overheads charged to sales |
50,000 |
|
Sales (credit) |
4,00,000 |